Bitcoin isn’t the future of money – it’s either a Ponzi scheme or a pyramid scheme

Sometimes it’s hard to tell whether Bitcoin is more like Ponzi scheme or a pyramid scheme.Whatever it is, though, it isn’t a currency. It’s a tech stock. Each Bitcoin is really a share in a system that seems to make it cheaper to transfer things online — money, stocks, bonds, even the deed to your house — by cutting out the middleman. Well, kind of. Bitcoin doesn’t remove the middleman so much as replace him with middlemen who don’t make you pay much, but make society as a whole do so instead. Is this progress?

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